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Nokia wants new CEO: Report
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BigBadGuber!
2011-09-14 , 18:34
Banned | Posts: 706 | Thanked: 296 times | Joined on May 2010
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I bet that Nokia couldnt get any lower and bought a bunch of shares for long term, 5-6 years, dont really care how long. There was no doubt in my or other analysts minds that the pre-Elop course was not sustainable. Nokia was out of USA for years. As apple and droids start doing well in the USA, they invaded Europe and Asia. Nokia was now losing its home turf. The Taliban are now the only faithful customers of Nokia. Maemo was a dead product for few enthusiasts. N900 was a fun product (use it to IM at night, since I like the keyboard), but not a portable device as compared to others for every day ease of use. N9 is not revolutionary enough, so what is the best strategy for NOKIA? Exactly what Elop did. Perhaps he was too loud about it, perhaps he offended some pro-Europe only high tech company sensibilities, perhaps Taliban are unhappy that Nokia is in bed with Americans, but the bottom line is that Elop needs to turn the company around and make them money. Such a turnaround will take time. Elop has a lot of money riding on this, as his incentives and so on are structured on how he succeeds over the next few years. What is so difficult for this crowd to understand? Your pet project Maemo/Harmattan/Meego is of limited interest to the outsiders. Be happy that you are getting N9 and kiss Elop feet for making it possible.
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